Liebherr sees sales rise for all construction sectors

By Andy Brown04 April 2022

La R 976-E es una de las dos excavadoras eléctricas sobre orugas para aplicaciones de minería y trabajos en cantera que Liebherr presentó del segmento de productos movimiento de tierras.

The Liebherr group has announced that revenues in the earthmoving, material handling technology, deep foundation machines, mobile and crawler cranes, tower cranes, concrete technology and mining product segments were 17% higher than in the previous year at just over €8 billion (US$8.8 billion).

Sales in earthmoving equipment was €2.3billion (US$2.5 billion), a 15% increase from last year, while sales for mining was up 18.9% at €1.1 billion (US$1.2 billion) and sales for material handling technology saw a rise of 16.1% to €554 million (US$608 million).

Both tower cranes and mobile and crawler cranes also saw increases in sales, of 26.8% and 14.9% respectively.

Sales increased in the European Union, which has traditionally been the Group’s strongest sales region. High growth rates were recorded in almost all EU markets, with France in particular showing above average development.

Outside the EU, there was a marked rise in sales in the UK, among other regions. Positive development was also seen in North America, as well as Central America and South America, where strong growth came especially from Brazil. Liebherr faced declines in Africa, as well as in the Near and Middle East, whereas the financial year in Asia and Oceania ended with a moderate rise.

As a whole, the Liebherr Group achieved a net profit for the year of €545 million (US$598 million), a value above the level before the pandemic. Operating results and the financial result grew considerably compared to the previous year.

Liebherr noted that, regarding alternative drive technologies it takes a ‘technology neutral’ approach and in 2021 it worked on hydrogen-powered combustion engines and their injection technologies, as well as electric drives.

In its annual report Liebherr said that it ‘started 2022 with a very good order situation’ but added that the negative effects on the activities of the Liebherr Group due to the war in Ukraine can already be seen. The company added that challenges with increasing prices for goods and materials, as well as their lack of availability remain, as well as the continuing lack of skilled workers.

Read the annual report here

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
Five excavator technologies to improve projects
While technology has been enhancing excavator performance for more than a decade, end-user demand for certain features has accelerated in the past few years. ConExpo-Con/Agg talks to manufacturers about the innovations that provide typical construction companies with value for money
Test drive: Hyundai HL980A
Dan Gilkes takes a first drive of Hyundai Construction Equipment’s HL980A and gives Construction Europe an exclusive overview of his experience
Interview: Doosan Bobcat’s Gustavo Otero
Construction Europe’s Cat Jones meets the Doosan Bobcat president to discuss everything from new innovations to a new beginning for hundreds of Ukrainians
CONNECT WITH THE TEAM
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA